Destination XL Group Inc. (DXLG)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
Destination XL Group, Inc. (DXLG) Q1 2025 Earnings Call Transcript
Destination XL Group, Inc. (NASDAQ:DXLG ) Q1 2025 Earnings Conference Call May 29, 2025 9:00 AM ET Company Participants Shelly Mokas - VP, Financial Reporting and SEC Compliance Harvey Kanter - President and CEO Peter Stratton - CFO Operator Good day, everyone. And welcome to the Destination XL Group Inc. First Quarter Fiscal 2025 Financial Results Conference Call.
Destination XL Is Entering Going-Concern Territory In Another Bad Quarter For Comps
Destination XL Group, Inc.'s Q4 results show continued negative comps and margin erosion, with no turnaround in sight, leading to a hold rating. The rise of GLP-1 weight loss drugs is likely shrinking DXLG's addressable market, impacting the big-and-tall apparel segment. DXLG's market cap is near $100 million with $45 million in cash, trading at distressed levels due to consistent double-digit sales declines.
Destination XL Group, Inc. (DXLG) Q4 2024 Earnings Call Transcript
Destination XL Group, Inc. (NASDAQ:DXLG ) Q4 2024 Earnings Conference Call March 20, 2025 9:00 AM ET Company Participants Shelly Mokas - Vice President of Financial Reporting & SEC Compliance Harvey Kanter - President & Chief Executive Officer Peter Stratton - Chief Financial Officer Conference Call Participants Michael Baker - D.A. Davidson Jeremy Hamblin - Craig-Hallum Operator Good day, everyone, and welcome to the Destination XL Group, Inc. Fourth Quarter Fiscal 2024 Financial Results Conference Call.
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Destination XL Group Inc. Profile
| Textiles, Apparel & Luxury Goods Industry | Consumer Discretionary Sector | Harvey S. Kanter CEO | NASDAQ (NMS) Exchange | 25065K104 CUSIP |
| US Country | 1,447 Employees | - Last Dividend | 23 Jun 1993 Last Split | 2 Jun 1987 IPO Date |
Overview
Destination XL Group, Inc. is a prominent specialty retailer focusing on big and tall men's clothing and shoes in the United States. With a vast array of stores across the country, the company primarily caters to a niche market, offering an extensive selection of sizes and styles not commonly found in traditional retail outlets. Initially known as Casual Male Retail Group, Inc., the organization underwent a name change to Destination XL Group, Inc. in February 2013, signaling a broader commitment to encompassing a wide range of men's apparel suited for various occasions and preferences. Founded in 1976 and headquartered in Canton, Massachusetts, Destination XL Group, Inc. continues to serve its unique customer base with quality products and a focus on customer satisfaction.
Products and Services
Destination XL Group, Inc. offers an expansive line-up of products and services designed to meet the diverse needs of the big and tall men's market. These include:
- Sportswear and Dresswear: Catering to both casual and formal occasions, the company offers an assortment of sportswear and dresswear. This range encompasses everyday essentials as well as attire for special events, ensuring customers have a variety of styles to choose from.
- Fashion-Neutral Items: This category includes timeless wardrobe staples such as jeans, casual pants, T-shirts, polo shirts, dress shirts, and suit separates. These fashion-neutral items are designed to be versatile, easily fitting into any man's wardrobe for various occasions and settings.
- Casual Clothing: For those seeking comfort without compromising on style, Destination XL provides a wide selection of casual clothing. This includes garments tailored for relaxation and casual outings, emphasizing both comfort and aesthetic appeal.
- Vintage-Screen T-Shirts and Wovens: Offering a nostalgic flair, the company boasts an array of vintage-screen T-shirts and woven shirts. Available under various private labels, these products appeal to customers looking for unique designs and a touch of retro style.
The company markets its products under several trade names, including Destination XL, DXL, DXL Men's Apparel, DXL outlets, Casual Male XL, and Casual Male XL outlets, ensuring a wide reach across different customer segments and preferences.
Contact Information
